Proceedings of 16th Annual General Meeting of PNGS Gargi Fashion Jewellery Limited held on August 01, 2025 at 12:00 PM through Video conferencing along with scrutinizer''s report and voting ....
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PNGS Gargi Fashion Jewellery Limited held its 16th AGM on August 1, 2025 at 12:00 PM via video conferencing, concluding at 12:48 PM. Out of 2,900 shareholders on the cut-off date (July 25, 2025), 8 promoter group shareholders and 23 public shareholders attended. All five resolutions were passed with 100% of votes in favour. The resolutions included adoption of FY25 audited financial statements, re-appointment of Mr. Aditya Amit Modak as a director retiring by rotation, approval of material related party transactions with P. N. Gadgil & Sons Limited and PNGS Reva Diamond Jewellery Limited (with related party votes treated as invalid), and issuance of 1,12,500 equity shares on a preferential basis to public, promoter and promoter group category. The shares were issued as a special resolution. Ruchi Bhave (FCS: 13324) acted as the scrutinizer for the e-voting process.
Shareholders approved key items including preferential share issuance of 1.12 lakh equity shares and related party transactions with group companies, which could lead to dilution and continued inter-group dealings. A notable shift is the reclassification of 2,13,514 promoter group shares to public category (three individuals exited the promoter list), reducing promoter concentration.